Mumbai: Sagility India shares made their debut on BSE and NSE on November 12 at a premium of just over 3.50 per cent. On the NSE, the newly-launched stock debuted at Rs 31.06. The stock made its debut at 3.54 per cent against the offer price of Rs 30.
The IPO of Sagility India Ltd received 3.20 times subscription on the final day of bidding on November 7, 2024. The initial public offering of the technology-enabled services provider in the healthcare space received bids for 123,99,75,500 shares against 38,70,64,594 shares on offer. The Bengaluru-based company had announced that its entire proceeds from the IPO will go to the selling shareholders.
Retail Individual Investors (RIIs) category: 4.16 times subscription was recorded.
Qualified Institutional Buyers (QIBs) category: Subscribed was 3.52 times.
Non-institutional investors portion: This one received 1.93 times subscription.
Sagility India Ltd mobilised more than over Rs 945 crore from anchor investors. The acquisition of BirchAI by Sagility in March 2024 is expected to enhance member and provider engagement and reduce clients’ operational costs through AI-powered customer support solutions using speech-to-text and large language models (LLMs) integrated with Sagility’s engagement solutions. BirchAI is a healthcare technology company which specialised in cloud-based generative AI technology.
Book-running lead managers of Sagility India IPO – ICICI Securities, IIFL Securities, Jefferies India, and JP Morgan India.
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Sagility India shares made a debut on BSE and NSE with a gain of around 3.50 per cent. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
